The best chance South Africa has of recovering from sub-investment grade credit rating status is to have leaders who are prepared to break rank with the small-mindedness of the ruling party.
Bank downgrades have sparked anger in South Africa.
Nic Bothma/EPA
It’s an unnerving time for Africa’s banking industry. On August 19, the ratings agency Moody’s announced it had downgraded by a notch the risk rating of South Africa’s four biggest banks – FirstRand, Standard…
Widespread violent protests in Greece in response to austerity measures showed the world what a real sovereign risk looks like.
Joanna/Flickr
The use of the term “sovereign risk” by Trade Minister Andrew Robb to describe the federal budget stalling in the senate shows just how fast and loosely the term has come to be used. But to whom is the…
The reversal of ‘immunity laws’ surrounding Papua New Guinea’s Ok Tedi mine means former owner BHP could face claims on environmental damage.
AAP Image/Lloyd Jones
Remote Mount Fubilan, near the source of Papua New Guinea’s Tedi River, is once again the site of global controversy surrounding the Ok Tedi copper gold mine. Since the late 1980s, Ok Tedi has symbolised…